Section 47, Small Industries Development Bank of India Act, 1989 [S1W-4AX]

As at 7 September 2026. In force from 28 August 1989 by S.O. 2733(E) [N12-4Y2].

In Small Industries Development Bank of India Act, 1989 [A10-ZYX]. This text from 28 August 1989. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 47, Small Industries Development Bank of India Act, 1989 [S1W-4AX]. Machine: S1W-4AX.

47. Prohibition of the borrowing of money without licence.—No person shall undertake the borrowing of money except under and in accordance with the conditions of a licence granted under section 48: Provided that nothing in this section shall apply to the borrowing of money undertaken by or on behalf of the Central Government or a State Government.

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